iStar Financial falls 15% on analyst downgrade to ‘sell’

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iStar Financial Inc. (NYSE:SFI) is off 15% today after analysts at UBS downgraded the commercial real estate finance company to “sell” from “buy.” The news comes after the New York City-based company was downgraded last week at Moody’s Investors Service to “Baa3” from “Baa2.” During the past 52 weeks, shares have ranged from today’s low of $6.36 to a high of $42.03. The stock is down 74% since January. In today’s trading, shares are at $6.91 at 10:39 a.m. ET, down $1.18 from Monday’s close.

For detailed price information and recent news stories about iStar Financial Inc., click SFI.